Media Stocks Hammered Again As Traders Concentrate On Economic Worries

Let's begin again. Stock marketplaces at mid-day have quit nearly all yesterday's gains following a Fed'spledge to maintain rates of interest low -- and media companies are now being hammered. The Dow JonesU.S. media index is -4.7% as the Dow Johnson Industrial Average is -4.1%. Similarlythe S&P media index is off 5.5% as the S&P 500 is -3.8% and NASDAQ's media shares are -4.8 versus. the entire exchange that is -3.3%. Here's how industry titans are faring at mid-day: Disney (-10.7%),CBS (-5.2%), The new sony (-5.1%), Time Warner (-4.5%), Comcast (-3.8%), and Viacom (-3%). The greatest loser is Westwood One (-12%).Others lower a minimum of 6% include America online, The Brand New You are able to Occasions, Martha Stewart Living Omnimedia, LIN TV, Live Nation, Gannett, E.W. Scripps, Time Warner Cable, and Rovi. The only real company on our watch list that's in plus territory is Lionsgate, up 2% after confirming an income within the quarter that led to June.